Sunday, 29 March 2015
Last updated 2 days ago
Jan 29 2014 | 12:05pm ET
An emerging-markets hedge fund founded by a SAC Capital Advisors veteran and backed by the Blackstone Group is readying a long-only fund.
Carrhae Capital has raised US$125 million for the new fund, which will launch next week. The vehicle will feature about 40 names from Carrhae's existing long book, Financial News reports.
The London-based firm's long bets have strongly outperformed over the past two years. Its flagship hedge fund rose 14.9% last year.
The new fund will give Carrhae, which debuted in 2011 with US$150 million from Blackstone, nearly US$700 million in assets under management. The firm is led by Ali Akay, who ran the largest portfolio at SAC's now-shuttered London office before his exit.
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…